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The Latest Breaking News from PwC

‘Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandal

PricewaterhouseCoopers used government secrets to help clients in Australia and the US avoid tax – a scandal that has forced resignations and threatens contracts worth hundreds of millions

The Guardian - AU

Apprenticeships: I wanted to be successful and have hands-on experience

Two young apprentices talk about forging ahead in the world of work

Evening Standard

Are CEOs ready for the EU's coming ESG disclosures?

The EU will force large, listed companies with headquarters or subsidiaries in the region to disclose a broad set of ESG metrics by 2025.

Fortune

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Apprenticeships have come of age

More parents are being persuaded by the earn-while-you-learn option

Evening Standard

Morning Mail: Trump sexually abused writer, jury finds; Chalmers’ cost-of-living budget

Advice columnist E Jean Carroll was attacked by former president but not raped, jury decides, awarding her $5m; treasurer walks fine line in budget

The Guardian - AU

Labor senator accuses PwC of ‘deception and betrayal’ in misuse of Treasury information

Deborah O’Neill has also raised concerns that other consultancy firms may have engaged in similar practices without being detected

The Guardian - AU

PwC Australia CEO Tom Seymour steps down after tax documents leak scandal

PricewaterhouseCoopers Australia chief executive Tom Seymour stands down as the consulting firm feels the fallout of a partner betraying the trust of its biggest client: the federal government.

ABC News

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Consultancy firms becoming ‘shadow public service’, expert warns, as PwC crisis deepens

Former senior public servants say conflicts of interest are ‘rife’ and that companies may be tailoring advice to earn more from government

The Guardian - AU

PwC Australia chief executive Tom Seymour resigns in wake of tax policy leak

Leak of confidential information triggered probe into government’s use of consultants to perform work of public servants

The Guardian - AU

Federal budget: White Pages listings, payments to tax havens and the weird contracts within

The federal government spends about $650 billion a year. Where some of it goes will surprise you.

ABC News

Water warriors defy Bass Strait on jet skis

Adverse weather conditions resulted in a a three-day stopover.

The Canberra Times

Retirement Planning: Three Questions To Ask Your Potential Financial Adviser

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Kiplinger

Warnings raised as PwC paid $8.7m to collect Australian aged care data while helping to set industry prices

Greens and unions raise spectre of potential conflicts of interest as consultancy firm defends against tax scandal

The Guardian - AU

Consulting firm KPMG paid to audit Australian aged care homes while also advising providers

Public sector union says reliance on consultants is problematic as perceived conflicts of interest could damage public trust

The Guardian - AU

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Fortune

Covid era grads are getting trained on how to actually work in the same room with other people

It is more than just "student life" that covid grads missed out on - and it's now on employers to plug the "education gap".

The Guardian - UK

Covid era graduates struggle with communication, say Deloitte and PwC

Accounting firms offer extra training on face-to-face presentations and in-person meetings

The Guardian - AU

From sheep duffing to cattle rustling, how big a problem is livestock theft in Australia?

A survey by the Centre for Rural Criminology aims to get accurate numbers for a crime that farmers rarely bother to report

Bangkok Post

Thai M&A set to surge

Thailand's merger and acquisition (M&A) volume and value should improve in the second half of 2023, according to PwC Thailand, after many businesses paused M&A activities because of economic conditions, inflation and geopolitical risks.

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TechRadar

PwC is making a $1 billion bet on business AI

A $1 billion AI investment over three years will see PwC work with Microsoft and OpenAI, while upskilling workers.

The New Daily

Analysis outlines pathway to a balanced budget

Returning the federal budget to balance in less than a decade is possible, according to PwC modelling, but will take dogged commitment to budget repair.

Wales Online

Huge new office building in the centre of Cardiff linked to Lloyds as its occupier

The close to completed John Street office development is just yards from Lloyds existing offices at St William House

Birmingham Post

Lloyds linked to new office location in the centre of Cardiff

The speculative John Street office scheme has emerged as a potential new location

Birmingham Post

Consumers prioritise holidays and health over eating out as retail and leisure industries remain vulnerable

Professional services firm PwC has published its latest consumer sentiment survey

The Guardian - UK

Next buys Cath Kidston brand for £8.5m with remaining UK stores to close

About 125 jobs are at risk after British retailer falls into administration for second time in two years

Fortune

In business we trust? It's all relative

Layoffs, bank failures, and a weak economy: Will business lose its (moderately) exalted position of trust?

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